7 Best uses to profit from Currency Strength Meter

Hello everybody:

I get asked a lot about my Currency Strength Meter and some of the best ways to use it.  I made a short video (26 minutes) covering the 7 ways that I use my meter and I hope it will spark a new idea in your trading or point you to a new direction as you use my Strength Meter later on tonight.

I’d like to encourage you to leave a comment on my blog and share some other ways that you are currently using my meter, I’ll review your comments and incorporate them in my next Strength Meter usage video.

By the way, this video is my way of saying thank you for being my loyal blog fan / newsletter subscriber, as I am launching my Mastermind Mentoring Program for the one and only time in 2010, I’d appreciate if you help me getting the word out!

Once again, thank you,

Henry Liu

31 Comments

• 

  By Victor Sizer, March 12, 2010 @ 9:54 am

  Excellent Accurate Forex Tool

• 

  By Avraham Bloch, March 16, 2010 @ 2:16 pm

  The strength meter is showing fix numbers as a stand alone unit. The figures for each currency is fixed (not changing). Does it have to be installed at a trading station? If positive, where and how to install it?

• 

  By Admin, March 16, 2010 @ 8:27 pm

  Avraham:

  http://www.currencystrengthmeter.com/78/currency-meter-installation-guide/

  That’s the guide.

• 

  By Aleme, March 17, 2010 @ 9:40 am

  This tool appears to be very good. I use it as a trend confirmation with other tools before going in for a trade and you can tell which direction a trade is going on a pair by just looking at the meter. But what I’m not clear, is it the strength of the currency that is determining the trend or is this another trend lagging indicator telling us where price has been? In which case the strength is just an indicator of the prevailing price.Pls some clue how it works.

• 

  By richard, March 21, 2010 @ 10:01 pm

  hi henry what an excellent forex tool you can clearly see what pairs are going to trend just what i have been looking for thank you

• 

  By Admin, March 22, 2010 @ 4:07 am

  Aleme:

  Please read the article thats talks about the principle behind the meter, right on this site

• 

  By Merlyn, March 24, 2010 @ 11:06 am

  Hello Henry,

  Just started using your tool which looks to be very useful. A problem which I have however is that the tool will not activate with my broker’s MT4 platform which is MBT, I have to run an additional MT4 platform, such as Best Direct, at the same time to get the tool to activate. Is there a work around that you know of?

  Regards,

  Merlyn

• 

  By Admin, March 24, 2010 @ 2:29 pm

  Make sure there is no character after the symbol, such as a “m” or “fxf”. (EURUSD is the normal symbol, but sometimes we get EURUSDm or EURUSDFXF from different brokers…)

  If you get additional characters after the symbol, make sure you select the checkbox “My broker uses different quote” and then enter in the textbox the additional character.

  In the case of EURUSDFXF, you would enter FXF in the textbox.

• 

  By Merlyn, March 24, 2010 @ 2:37 pm

  Hello Admin,

  No it’s not that. MBT have highly modified their version of MT4 taking a lot of the deal desk stuff out so I’m guessing that your tool is just not compatible with their MT4 platform. Pity.

  Regards,

  Merlyn

• 

  By Merlyn, March 26, 2010 @ 9:40 am

  Hello Admin,

  My last reply seems to have disappeared so I\’ll repeat that that is not the problem. MBT highly modified their version of mT4, taking out lots of the deal desk bits. The result is that some MT4 EAs no longer work and have to be modified before they can be used with MBT. I\’m guessing that that is the problem with your tool.

  Regards,

  Merlyn

• 

  By Merlyn, March 26, 2010 @ 9:42 am

  Sorry to double post but my first reply has now re-appeared ?????

  Regards,

  Merlyn

• 

  By David, March 27, 2010 @ 5:47 pm

  Henry,

  I have been using your currency strength meter for a week or so and I believe it has helped me itentify more profitable trades. When I see a trade or think I see a trade I use the strength meter to help me get a better entry.

  It has really helped me in making more pips.

  One problem that I have is that one of my platforms has now gone to Build 226 and it is not compatible.

  Are you going to post an update for the new build in the download area? I am currently using a demo with build 225 for the strength meter data but trading on build 226

  Thanks again for a great tool

  David

• 

  By solomon Dewise, March 29, 2010 @ 9:06 am

  It is a nice stuff,keep doing good

• 

  By solomon Dewise, March 29, 2010 @ 9:11 am

  Please try to give us the manual on how to use the meter or explain the meaning of those color changing. thanks a lot the work well done

• 

  By Admin, March 29, 2010 @ 11:25 am

  It should be compatible with any MT4 platform. Including MBT.

• 

  By Admin, March 29, 2010 @ 11:26 am

  If MBT’s MT4 supports DDE SERVER function, then my tool will work. Again.

• 

  By Admin, March 29, 2010 @ 11:28 am

  This may be a new development. But it should have no bearing on the meter, that 226 built.
  I have a demo platform of 226 and it is working fine. Can you double check that DDE is enabled on the 226? Also what is the broker?

• 

  By David, March 29, 2010 @ 12:08 pm

  The build 226 platform that stopped working is with PFGbest.

  I do have DDE Enabled and doubled checked it to see if when I upgraded that it changed.

• 

  By ty, April 3, 2010 @ 5:53 pm

  A nice one and great thanks for the tutorial.
  my question is does strength meter has anything to do with time frame…does is it work better on any paticular timeframe?

• 

  By Admin, April 4, 2010 @ 3:32 am

  The meter doesnt work on timeframes, it shows you the strength from start to end of the day. Once a new day starts, the meter resets.

• 

  By Merlyn, April 7, 2010 @ 8:30 am

  Hello Admin,

  Enabling DDE on the MBT platform fixed it all working perfectly now.

  Thanks Henry.

  Regards Merlyn

• 

  By Emmanuel, April 23, 2010 @ 2:51 am

  pls how can i get this currency strength meter

• 

  By Dan, April 25, 2010 @ 9:54 pm

  Seem to be having trouble with mine it gives me nothing but blue window even after enabling the dde server

• 

  By Dan, April 26, 2010 @ 1:58 pm

  yea with the dde server checked it shows all blue windows with 0.0. With out it checked it gives readings and never updates stays the same all week
  My broker is Edge Capital Markets for my demo

• 

  By Chibuike, May 3, 2010 @ 7:58 am

  Henry, Thanks alot, man. Please, as MT5 does not come with DDE SERVER, how are we going to use Currency Strength Meter on MT5. Or do you intend to come out with something different?

  Once again, thanks alot.

• 

  By Wil, May 8, 2010 @ 11:54 pm

  Your currency meter has been one of my must-have trading tools since I stumbled upon it. Thank you!

• 

  By Tom Yeomans Fan, May 10, 2010 @ 9:09 pm

  Henry Liu continues to be a complete joke and having to see his ‘down syndrome’ looking picture everytime I randomly click on a “Currency Strength Meter” link is getting very annoying.

  Henry Liu and his whole premise that HE developed this Currency Meter and it is a secret is such a sham and scam.

  ANYONE that has been using Currency Strength Meters for a few years knows that he did not develop this.

  EVERYONE knows that this children’s version of a meter was coded by Tom Yeomans back in 2008. It was his first array into Currency Strength Meters and improved that faulty code when he developed FX4CASTER, 4XPILOT, and now AccuStrength 3. This Excel Meter has been around the world and has been posted in hundreds of locations throughout the years.

  Tom’s new meters have their own non-DDE data feed that does not rely on MT4. Henry Liu’s garbage meter will not work anymore once MT5 is fully adopted because MT5 does not offer the free DDE feed that his meter relies on.

  Henry, why do you continue to praise yourself month after month on message boards for developing this software when you know you did not?

  Why do you continue to portray yourself as some Forex and Software developing genius when you know that you either bought this meter from Tom a couple years ago or downloaded it for free somewhere?

  This whole thing is ridiculous and your face looks ridiculous. Please make it stop.

• 

  By Dan, May 16, 2010 @ 3:01 pm

  After seeing all of these interpretation methods only one thing is absolutely certain.
  It does NOT matter what this meter shows. High number could be strong trend , could be overbought ready to turn around ,drop in number could be retracement or trend change etc , etc.
  Really universal , you can see whatever you want.

• 

  By koco, June 14, 2010 @ 7:36 am

  thanks for your explanation

• 

  By Raju, June 18, 2010 @ 11:21 pm

  Hi Henry:

  Strength meter seems like a fantastic tool. Is there any way it can be made into .mq4 indicator for an MT4 platform? My PC’s CPU fan goes crazy when I turn on strength meter.

  Raju

• 

  By wan man, July 8, 2010 @ 7:26 am

  thanks henry for your useful meter.
  i will try it. Hope it will help me to know the trend.
  thanks again

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